Energy Efficiency Stock Alert: EnerNOC (Nasdaq: ENOC) Adds CFO and Technology Veteran Neil Moses to Team
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BOSTON - April 23, 2013 (Investorideas.com renewable energy newswire) EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, today announced the appointment of Neil Moses as the company's Chief Financial Officer. Moses has nearly 30 years of experience in financial operations and management in the retail and technology sectors, including seven years at PTC, which he joined in 2003 as Executive Vice President and Chief Financial Officer. During his time at PTC, Moses developed and implemented strategic and financial plans that increased revenue from approximately $650 million to over $1 billion and improved GAAP net income by $130 million.
Following PTC, Moses served as Dunkin' Brands' Chief Financial Officer and led the company's successful initial public offering in 2011. Dunkin' Brands has over 17,000 franchised locations (10,000 in the U.S. and 7,000 overseas), which generate nearly $9 billion in sales. During his time at Dunkin' Brands, Moses was instrumental in driving supply chain initiatives in support of the company's westward expansion in the U.S. and the roll out of an innovative point of sale system that paved the way for a number of important IT-driven initiatives.
"Neil's standout background and experience extend beyond the CFO role," said Tim Healy, Chairman and CEO of EnerNOC. "He understands how to use core business strengths to increase scale, how to employ technology to catapult an organization to a new plateau, and how to effectively manage a global financial operation. We're thrilled to bring his expertise onto the EnerNOC team."
Prior to PTC, Moses served as executive vice president and chief financial officer at Axcelis Technologies, a semiconductor capital equipment manufacturer.
"EnerNOC is powering a transformative change in the energy industry, and I'm thrilled to be joining the company at this critical inflection point," said Moses. "Technology is changing the way people manage energy and I look forward to leveraging my technology, strategy, and financial experience in this new role."
Neil Moses's appointment marks the most recent addition to EnerNOC's executive ranks with leading technology firm experience. In 2012, EnerNOC hired Patricia O'Neill as its Vice President of Human Resources, formerly of Art Technology Group (now part of Oracle), and Gerry Wilson as CIO, formerly of the Unica Corporation (now an IBM company) and RSA, the security division of EMC. In 2011, Hugh Scandrett was hired as Vice President of Engineering, having served in a similar role with Kronos, Inc., the Massachusetts-based workforce management solutions firm. Scandrett also had held leadership positions with Ounce Labs, IBM Rational, DSC Communications, and Nortel.
EnerNOC is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility Solutions(TM) offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMART(TM), comprehensive demand response; EfficiencySMART(TM), continuous energy savings; and SupplySMART(TM), energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the ability of Mr. Moses to help EnerNOC provide value for its customers and build upon its market leadership position, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, the Company's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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